r6t.:secIssue 94-45 March 10, 1994

RULES AND RElATED lfATTEIlS

ISSUANCE OF INTERPRETIVE RELEASE CONCERNING THE APPLICATION OF THE ANTIFRAUD PROVISIONS OF THE FEDERAL SECURITIES LAWS TO THE MUNICIPAL SECURITIES MARKET AND PROPOSED AMENDMENTS TO RULE l5c2-l2

The Commission today announced the issuance of an interpretive release regarding the application of the antifraud provisions of the federal securities laws to municipalsecurities issuers and other market participants in connection with both primaryofferings and continuing disclosure to the secondary market. FOR FURTHER INFORMATION CONTACT: Ann D. Wallace (202) 272-7282, Amy Meltzer Starr (202) 272-3654, Vincent W. Mathis (202) 272-3968, Division of Corporation Finance; Janet W. Russell-Hunter (202) 504-2418, Division of Market Regulation, U.S. Securities and ExchangeCommission, 450 Fifth Street, N.W., Washington, D.C. 20549. (Rels. 33-7049; 34-33741; FR-42; File No. S7-4-94)

The Commission today announced the issuance of proposed amendments to Rule l5c2-l2,which would, if adopted, make it unlawful for a broker, dealer, or municipalsecurities dealer (1) to act as an underwriter of an issue of municipal securities unless the issuer has agreed to provide annual financial information and notices of material events to a nationally recognized municipal securities information repositoryand (2) to recommend the purchase or sale of such a municipal security without havingpreviously reviewed that information. FOR FURTHER INFORMATION CONTACT: Catherine McGuire, Esq., Chief Counsel, or Janet W. Russell-Hunter, Esq., Attorney, Office of Chief Counsel, (202) 504-2418, Division of Market Regulation; Amy Meltzer Starr,Esq., Attorney, (202) 272-3654, Division of Corporation Finance, U.S. Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549. (Rels. 34-33742; File No. S7-5-94)

PROPOSED AMENDMENTS TO RULE 10b-10 AND PROPOSED RULEMAKING

The Commission proposed amendments to Rule 10b-10, the Commission's confirmation rule. which will require brokers and dealers to disclose: (1) mark-up and mark-down information in riskless principal transactions in debt securities, other than U.S. savings bonds and municipal securities; (2) the unrated status of a debt security,other than certain securities meeting the definition of Wgovernment securitiesW under Section 3(a)(42)(A) and (B) of the Securities Exchange Act of 1934; (3) the fact that

a firm is not a member of SIPC and the fact that an account is carried by a non-SIPC member broker-dealer, if such is the case; (4) mark-up and mark-down information in connection with transactions in Nasdaq small-cap and regional exchange-listedsecurities; and (5) yield information with respect to transactions in mortgage-backed securities. The Rule will also contain a preliminary note clarifying that Rule 10b-10 is not intended to cover the entire scope of disclosure that a particularsecurities transaction may entail.

In addition, the Commission proposed Rule l5c2-l3 which will require brokers, dealers,and municipal securities dealers to provide immediate confirmation of municipalsecurities transactions, disclosing: (1) mark-up and mark-down information with respect to riskless principal transactions in municipal securities; and (2) the unrated status of a municipal security if the security has not been rated by a nationally recognized statistical rating organization. For further information contact: C. Dirk Peterson, at (202) 504-2418, Division of Market Regulation, Office of Chief Counsel. (Rel. 34-33743; File No. S7-6-94)

ENFORCEHENT PROCEEDINGS

NASD ACTION AGAINST B.R. STICKLE & CO. AND STICKLE SUSTAINED

The Commission has sustained findings of violation by the NASD against B.R. Stickle & Co. (Firm) and Bruce R. Stickle. The Commission found that the Firm, throughStickle, operated without the minimum net capital required by Exchange Act Rule l5c3-1; the Firm conducted a securities business while failing to retain an appropriatelyregistered Limited Principal-Broker/Dealer Financial and Operations (LFINOP); and Stickle acted as a LFINOP without passing the qualification examination and registering in such capacity. The Applicants admitted that they committed these violations. The Commission sustained the NASD's sanctions of a censure and fine of $15,000, assessed jointly and severally. (ReI. 34-33705)

CIVIL ACTION AGAINST LAWRENCE SANOFF

On March 9, the Commission filed a complaint alleging that Lawrence Sanoff (Sanoff)engaged in an unlawful insider trading scheme that involved the misappropriation of confidential information in violation of Sections lOeb) and 14(e) of the Securities Exchange Act of 1943 (Exchange Act) and Rules 10b-5 and l4e-3 promulgated thereunder. The Commission's complaint alleges that Sanoff realized illegal trading profits of approximately $441,464 based upon his purchase of securities issued by Squibb Corp. (Squibb). Square D .• Inc. (Square D) and Stanley Yorks, Inc. (Stanley Yorks).

Sanoff. without admitting or denying the allegations of the complaint, has consented to the entry of a Final Judgment of Permanent Injunction enjoining him from further violations of Sections lOeb) and l4(e) of Exchange Act and Rules 10b-5 and 14e-3 promulgated thereunder. Sanoff has also consented to the entry of a Final Judgmentordering the disgorgement of $441,464. representing his illegal trading profits, plus prejudgment interest. Pursuant to the settlement, Sanoff has agreed to disgorge the amount of $108,410. Based upon his demonstrated inability to pay, the payment of other funds constituting illegal trading profits has been waived. Similarly. based

2 NEWS DIGEST. March 10, 1994

upon his demonstrated inability to pay, Sanoff will not be required to pay a civil penalty. [SEC v. Lawrence Sanoff, USDC, SDNY, 94 Civ. 1591, LAP] (LR-13996)

PROCEEDINGS AGAINST DIXIE NATIONAL CORPORATION

The Commission today announced the filing and simultaneous settlement of a complaintin the United States District Court for the District of Columbia against Dixie National Corporation (Dixie), a Mississippi public holding corporation; Robert B. Neal, Jr. (Neal), Dixie's chief executive officer and a director; W. Cleopha Pigg(Pigg), Dixie's former chief financial officer; DeMiller, Denny, Word and Company(DeMiller Denny), a Mississippi certified public accounting firm that providedaccounting and auditing services for Dixie until October 1992; and David P. Thomas (Thomas), an engagement partner on the Dixie audit. The complaint alleges that from 1989 until 1992, Dixie, aided and abetted by Neal and Pigg, violated the antifraud,reporting, books and records, and proxy provisions of the federal securities laws;and that DeMiller Denny and Thomas aided and abetted Dixie's reporting violations related to Dixie's annual reports filed with the Commission. All defendants, without admitting or denying the allegations in the complaint, except as to jurisdiction,consented to the entry of permanent injunctions; and Dixie consented to certain ancillary relief.

In related proceedings, the Commission announced the institution and simultaneous settlement of administrative proceedings instituted against DeMiller Denny and Thomas. Each defendant, without admitting or denying the findings of the Commission, exceptas to jurisdiction, consented to the entry of an order denying both DeMiller Dennyand Thomas the privilege of appearing or practicing before the Commission, but providing that DeMiller Denny and Thomas each may apply to resume appearing or practicing before the Commission after two (2) years. [SEC v. Dixie National Corporation; Robert B. Neal, Jr., W. Cleopha Pigg, DeMiller, Denny, Word and Company,and David P. Thomas, US DC for the District of Columbia, Civil Action No. 94-0448] (LR-14000; AAE Rel. 536)

SELF-REGULATORY ORGANIZATIONS

DELISTINGS GRANTED

An order has been issued granting the application of the Boston Stock Exchange to strike from listing and registration Satcon Technology Corp., Common Stock, $.01 Par Value. (Rel. 34-33738)

An order has been issued granting the application of the Boston Stock Exchange to strike from listing and registration ACS Enterprises, Inc., Common Stock, $.05 Par Value. (Rel. 34-33739)

ACCELERATED APPROVAL OF PROPOSED RULE CHANGE

The National Association of Securities Dealers filed a proposed rule change (SR-NASD-94-l2) to amend Article III, Section 44 of the Rules of Fair Practice and Schedules A and E to the NASD By-Laws. The Commission has approved the rule changeon an accelerated basis. The rule change clarifies the NASD's calculation of filing

NEWS DIGEST, March 10, 1994 3

fees in connection with its review of underwriter compensation in securities offerings, and clarifies members' obligations after the NASD's review and approvalof underwriter compensation arrangements to notify the NASD of subsequentmodifications to underwriter compensation. (Rel. 34-33725)

APPROVAL OF PROPOSED RULE CHANGES

The Commission approved a proposed rule change (SR-PHLX-92-l0) filed by the Philadelphia Stock Exchange which allows PHLX registered options traders operatingunder letters of guarantee from their clearing agents to file Financial and Operational Combined Uniform Single (FOCUS) reports on a semiannual basis rather than a quarterly basis; and authorizes the PHLX to require a member organization to file financial reports more frequently than currently required under its rules. Publication of the approval order is expected in the Federal Register during the week of March 14. (Rel. 34-33732)

The Commission approved a proposed rule change (SR-AMEX-87-33) filed by the American Stock Exchange governing telephone access to the Floor. (Rel. 34-33735)

The Commission approved a proposed rule change (SR-PHLX-93-27) filed by the Philadelphia Stock Exchange which amends Floor Procedure Advice (Advice) F-S,"Material Changes to Terms of a Matched Trade," to designate the Advice's current language as paragraph (a) and to add paragraph (b), which will require any person signing a correction sheet to use due diligence to confirm the correction before signing the correction sheet, including checking the appropriate floor tickets or computerized report (run) in any case where a sizeable error may result if appropriate corrective action is not taken. The PHLX proposes to include Advice F-5, as amended,in the PHLX's minor rule violation enforcement and reporting plan and to place Advice F-5 on a three-year rolling cycle for the imposition of fines. Publication of the notice is expected in the Federal Register during the week of March 14. (Rel. 34-33736)

The Commission approved a proposed rule change (SR-NASD-93-48) filed by the National Association of Securities Dealers to amend the NASD's By-Laws and Rules of Fair Practice by removing the member vote requirement for adoption of or amendments to the Rules of Fair Practice and other rules. As a result, all rule approval and amendment procedures under the NASD's By-Laws are now uniform. (Rel. 34-33737)

SECURITIES ACT REGISTRATIONS

The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managingunderwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.

S-3 ICADIsaI GAS I ELECTRIC co, 133 S BLAIR ST, PO BOX 1231. MOIsaI, WI53701 (608) 252-1'9Z3 - 40,000,000 ($40,000,000) STRAIGHTBal)S. (FILE33-52491 - MR. 02) (BR. 8)

NEWS DIGEST, March 10, 1994 4

REGISTRATltJlS can.

S-3 TERRAllIDUSTRIES IIC. TERRACEIITRE600 4TH ST. p.o. BOX6000.SIWX CITY. IA 51102 (712) 277-1340 - 230.000.000 ($126.976.100)STRAIGHTIIOII)S. (FILE 33-52493 - MAR. 03) (SR. 7)

S-3 FIRST IWIIC SYSTEMIIC. 601 SEaII) AVES. FIRST IWIIC Pl. MIIIIIEAPOlIS... 55402 (612) 973-1111 - 526,000 ($17,292,250) aJIQI STOCIC. (FILE 33-52495 - MAR. 04) (SR. 2)

S-1 JIC RAIL COIlP. 720 PARKBLVD. BOISE. ID 83729 (208) 386-5209 - 9.200.000 ($138,000,000) aJIQI STOCIC. (FILE 33-75640 - FEB. 24) (SR. 5 - lEV ISSlE)

S-1 PAII>EMICCOIlP. WEST601 1ST AVE. STE 503. SIUAIIE. WA99204 (509) 624-1475 - 10.000 (150,000) aJIQI STOCIC. (FILE 33-75666 - FEB. 24) (SR. 14 - lEV ISSlJE)

1-1A IFS TRUST. 318 ~y. CIICIIlATI. OH 45202 (513) 684-1400 -III)EFIIIITE SHARES. (FILE 33-75764 - MAR. 01) (SR. 17 - lEV ISSlE)

S-6 SEPARATEACCOMTB OF PARAIDI LIFE IIISlItAIICECO. 100 SWTH BRElT\DI) BlVD. ST LelJIS. NO 63105 - III)EFIlITE SHARES. (FILE 33-75778 - FEB. 28) (SR. 20)

S-B l..AJI>ESKRED1T1WIICBADEI\UlTTEMBERG.1500 CASHOMILL RD SUITE 3. POBOX 885. IIEWARJC. DE 19715 - 550.000,000 (1550,000,000) FOREIGIl GOVERIIEIT All> AGEIICYDEBT. (FILE 33-75782 - MAR. 01) (SR. 9)

58-2 MICRItJI COIlP !MI. tIlE aIlPORATItJI WAY. PEABa)Y. M 01960 (508) 531-6464 - 1.000.000 (S8.000.000) aJIQI STOCIC. (FILE 33-75784 - MAR. 01) (81. 3 - lEV I SSlJE)

F-1 EDUSOFTLTD. 19 WEISS8URGSTREET. TEL AVIV. ISRAEL. L3 61130 (407) 859-8142 - 100.000 ($1.387.500) FOREIGIIaJIQI STOCIC. (FILE 33-75786 - MAR. 01) (SR. 10)

S-3 TECHDATACOIlP, 5350 TECHDATADR. ClEARWATER,FL 34620 US13) 539-7429 - 625,000 (121,875,000) aJIQI STOCIC. (FILE 33-75788 - MAR. 01) (SR. 10)

1-2 kBFER STRATEGICIlaIE FtJI). 120 S lASAlLE ST. CHICAOO.IL 60603 (800) 537-6006 - 4,600,000 (169.000.000)aJIQI SHARESOF BENEFICIAl IITEREST. (FILE 33-75790 - MAR. 01) (SR. 16- lEV I SSlJE )

S-3 SUIIBEMOSTERcaFANY IIC /DEI. 2100 NEWRIVER CENTER. 200 E lAS 0lAS BLVD. FORTlAlJ)ERDAlE. Fl 33301 (305) 767-2100 - 11.500.000 (1241,500,000) aJIQI STOCIC. IJI)ERYUTER: MERRILLLYNCHIr CO. PAIIlEWEBBERIIC, SMITHBARNEYSHEARStJIIIIC. (FILE 33-75792 - MAR. 01) (SR. 9)

F-1 RADICAGAMESLTD. 2 12 AU PUI WANST STE R 6TH FL.YAlIElT INDUSTRIAl CEITER. FO FANSHATIII HtJIG [tJlG. K3 (852) 693-2238 -6.980.328 ($76.783.608) FOREIGIl aJIQI STOCIC. (FILE 33-75794 - MAR. 01) (SR. 7 - lEV ISSlE)

S-1 stl'ERTEL HOSPITAlITY IIC. 309 IIORTH5TH ST. IIORFOlK. lie 68701 (402) 371-2520 - 1,840,000 (122,080,000) aJIQI STOCIC. (FILE 33-751'96 -MAR. 01) (SR. 11 - lEV ISSlE)

NEWS DIGEST, March 10, 1994 5

REGISTRATI(JISaJfT.

s-a FIll) SVP lie, 625 AVEOf TIlE NlERICAS, lEW TtItIC, lIT 10011 (212) 645-4500 - 50,000 ($42,500) aJIlDI srocr, (FILE 33-75828 - FEB. 28) (a. 9)

s-a II IDE IlEAlTN lie "." 601 LUESHOREPICWYSTE 500, CAlLSOI CEIITEI, MIIlllET(JIKA,... 55305 (612) 449-7500 - 400,000 (51,337,500) aJIlDI SToa:. (FILE 33-75830 - FEB. 28) (a. 6)

S-1 COLETAYU. FlIlAlCIAL GR(lJ» lie, 350 E JUI)EE RD, WllEELlIG, IL 60090 (708) 459-1111 - 2,300,000 ($32,775,000) aJIlDI sroee. 25,000,000($25,000,000) STRAIGHTIIOI)S. (FILE 33-75842 - MAR. 01) (a. 1- lEW ISSUE)

S-3 CIlJMT1.M HEALTNRESWRCESIIC/DE, IEXUS CITY SQUARE, 7'90 TIlE CITY DR SWTN STE 400, ClWlGE, CA 92668 (714) 750-1610 - 494,949 (51a,56O,587.50) aJIlDI sroee, (FILE 33-15844 - MAR. 01) (a. 6)

s-a Y(IlK RESEARCHamP, 2.80 PARICAVESTE 2100 WEST, lEV TtItIC, lIT 10017 (212) 557-6200 - 1,200,000 ($5,550,000) aJIlDI sroee. (FILE 33-15850 -MAR. 01) (a.7)

s-a MXSERY lie, 8317 CROSSDR STE 350, AUSTII, TX 78754 (512) 834-8341 -512,000 (5777,675) aJIlDI SToa:. (FILE 33-75852 - MAR. 01) (a. 9)

S-3 METRICUKXIE TRUSTSERIES lie, C/O IETRIC JIAIIAGEJEIIT lie, 950 1QIEI LI, FOSTERCITY, CA 94404 (415) 318-7000 - 500,000 (13 ,105,000) aJIlDI STOCI:_ (FILE 33-75854 - MAR. 01) (a. 5)

s-a 1ST IATlCIIAL FI LMamP, 500 I CAPITALOF TEXAS1M, BlDG 6 STE 200, AUSTII, TX 18746 (512) 327-3456 - 292,320 ($339,091.20) aJIlDI SToa:. (FILE 33-75856 - MAR. 01) (a. 11)

s-a SPECTRlICIIOUIIYTE IIC, 2490 MARlIER sa LOOPSTE 100, ALMEDA, CA 94501 (510) 522-3584 - 1,344,750 (512,102,750) aJIlDI srocr, (FILE 33-75858 -MAR. 01) (a. 10)

s-a POlTPHASEamP, 16885 DALLASPAIOOIAY,DALLAS,TX 75248 (214) 732-0010 -75,000 (S37,500) aJIlDI sroce. (FILE 33-75860 - MAR. 01) (81. 3)

s-a PIIOEIIX IIFORMTI(JI SYSTEMSamP, 100 SEC(JIDAVE SWTN, STE 1100, ST PETERSBlItG, FL 33701 (813) 894-7674 - 4,000,000 ($4,000,000) aJIlDI sroce. (FILE 33-75862 - MAR. 01) (81. 4)

S-4 01110 STATEBAlCSHARESlie, 111 S Mil ST, MARI(JI, 01143302 (614) 387-2265 - 121,200 ($2,428,999.65) aJIlDI SToa:. (FILE 33-75866 -MAR. 01) (81. 2 - lEW ISSUE)

S-3 .. TN NlERICAI BiOlOGICALS IIC, 1111 PARICCEIITREBLVD, STE 322, MIMI. FL 33169 (305) 625-5303 - 2,286,584 (515,077,163.25) CXIIDI srece, (FILE 33-75868 - MAR. 01) (a. 4)

s-a PETJtOC(JH»lie, 16800 GREEIISPOIITPARICDR, STE 300 .. TN ATRUM, IDJST(JI. TX 7706lJ (713) 875-2500 - 200,000 ($2,000,000) aJIlDI sroee, (FILE 33-75870 - MAR. 02) (a. 3)

6 NEWS DIGEST, March 10, 1994

REGISTUTlCIIS CDIT.

s-a ECI TELECCMLTD, 30 IIASIVUlIST, PETAl TllVA 49133 ISRAEL, L3 (212) 486-9500 - 1,800,000 (145,450,000) aJIIlI STOCX. (FILE 33-75904 -MAR. 01) (81. a)

s-a LOOGEIIET EllTERTAI.err taU', 80S \l:ST AVEILE _TH, SICI.IX FALLS, SD57104 (605) 330-1330 - 926,792 ($983,852.37) aJIIlI STOCX. (FILE 33-75906- MAR. 01) (81. 7)

s-a LmGEJlET EllTERTAIIIEIT ctItP, 80S ~ST AVEIIE _TH, SICI.IX FALLS, SD57104 (605) 330-1330 - 250,000 (13,593,750) aJIIlI STOCX. (FILE 33-75901 -MAR. 01) (81. 7)

F-a IWICER SIDOELEY CAllADA lit, 3 RalERT SPECK PAltlllMy, STE 700,IUSSISSAUGA(l(TARIO, "" (905) 897-7161 - 772,759 (''',035,316.22)FCltEIGil aJIIlI STOCX. (FILE 33-75916 - MAR. 01) (81. 10 - lEV ISSUE)

S-3 PHYaJt 1ltlTl, 30 _T(II HILLS BLVD STE 500, IlASHVILLE,TIl 37215 (615) 665-9066 - 2,4n,5OO (S87,m,750) aJIIlI STOCX. (FILE 33-75920 -MAR. 01) (81. 6)

S-3 RECOY(IItaU', 46-23 CRAIE ST, LOHGISlAII) CITY, IT ",01 (71a) :s92-6442- 1,840,000 (152,210,000) aJIIlI STOCX. (FILE 33-75922 - MAR. 01) (SR. 3)

1-1A CEII11IUl RJl)S lit, 237 PARI: AVE, lEV YCIIIC, IT 10017 (212) 808-3901 -IIDEFlIITE SHARES. (FILE 33-75926 - MAR. 01) (81. 16 - lEV ISSUE)

s-a SATCmITECIIKIlOGYtaU', 161 FIRST STREET, CNIIRIDGE, 1M 02142 (617) 661-0540 - 450,000 ($2,598,357) aJIIlI STOCX. (FILE 33-75934 -MAR. 01) (81. a)

S-6 VARIABLELIFE ACtaIIT B OF AETIA LIFE IISlItAIICE & AlWITY CO,151 FARIUIGT(II AVE, C/O AETIA LIFE IISlJWICE & ~ITY CO, IARTFCB. CT06156 - IIDEFlIITE SHARES. (FILE 33-7601a - FEB. 28) (SR. 20)

ACQUISITIONS OF SECURITIES

Companies and individuals must report to the Commission within ten days on Schedule l3D if after the acquisition of equity securities of a public company their beneficial interest therein exceeds five percent. Persons eligible to "•• the .hol'tform (Schedule l3G) may in lieu of filing a Schedule l3D file a Schedule 13G within 4S days after the end of the calendar year in which the person became .ubject to Section 13{d)(1).Companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule 14D-l.

NEWS DIGEST, March 10, 1994 7

Below is a list of recent filings of Schedules 13D and 14D, which lncluder the follow information: Column 4 - the company purchased (top), and the name of the purchase Column 2 - the type of security purchased; Column - 3 - the type of form filed; Co 4 - the date the transaction occurred; Column 5 - the current number of ohares 000's) owned (top) and the current percent owned; Column 6 - the CUSIP number (top) an the percent owned; and Column 7 - the status of the filipg, i.e. , new, update 0

revis ion.

MllT StlRS(#)O)/ WSIP/ F l L l I E lUlEAll)CLASSOFSTOCVOlWER FORM DATE %WED PRIOR% S T A T 5

ms LTD PRTUIP IKr 140-1 2124194

SHURGARD IIK PROP 111 UTS LTD PRTSHP IYT 0 82!56mzO U H A p u I S I T i p r a, 140-1 2124/94 0.0 0.0 W T E

MIILm INC PlMP FIVE UTS LTD PRTSW INT 0 IP56i'om U H A ~ ~ L S I T I F I W 140-1 2/24/F( 0.0 0.0 UPOATE

SHURGARD I~C PROP SIX ms LTD PRTSHP IWT o 82!56~010 U H A p u I S I T I W w 140-1 2/24/94 0.0 0.0 UPOATE

S~LRGARD IYC PRW SEVU ms LTD PRTSHP IYT o a2~67050 u H MUISITIW a, 140-1 2124194 0.0 0.0 W T E

SHURGARD IYC PROP EIGHT UTS LTD PRTSHP IYT U H A a r l S I T I W a, 140-1 2/24/94

S H U R ~ IYC PROP NINE ms LTU P~TSHP IYT o uzu7070 U H ApuIS IT I# w 140-1 2/24/94 0.0 0.0 llPDATE

NEWS DIGEST, March 10, 1994

ACQUISITIONS COlT.

EVEIIT SIItS(OOO)1 aJSIPI FlLlII lINE All) ClASS OF STOCXlOIIEI fOIIIII DATE DIlEO PlICItS $lATUS

SIlItGARD lie PRCP 11 UTS LTD PlTSIIP lIlT 0 825610lI0 U H AaUISITION CO 140-1 2/24/94 0.0 0.0 lJIDATE

SllltGARD lie PRCP RJI) 18 UTS LTD PlTSIIP lIlT 0 8256701B U " AaUISITION CO 140-1 2/24/94 0.0 0.0 lJIDATE

SIlItGARD lie PRCP TEl UTS LTD PlTSIIP lIlT 0 82561'084 U H AaUISITION CO 140-1 2/24/94 0.0 0.0 lJIDATE

SIlItGARD lie PRCP IV UTS LTD PlTSIIP lIT 0 82567O!15 U H AaUISITION CO 140-1 2/24/94 0.0 0.0 lJIDATE

SIIItGAIID lie PRCP RJI) 16 UTS LTD PlTSIIP lIT 0 82561086 U H AaUISITIOI CO 140-1 2/24/94 0.0 0.0 lJIDATE

SIlItGARD IIIaJE PIl(P FD 14 UTS LTD PlTSIIP lIT 0 82567'0B7 U H AaUISITIOI CO 140-1 2/24/94 0.0 0.0 lJIDATE

SIIItGAIID liltPRCP 12 UTS LTD PlTSIIP lIT 0 82561'088 U " AaUISITIOI CO 140-1 2/24/94 0.0 0.0 lJIDAlI

SIlItGARD JlIII STIJlAGE LTD UTS LTD PlTSIIP lIT 0 82567110 U I AaUISITION CO 140-1 2/24/94 0.0 0.0 lJIDAlI

SOOTIIERI FIlL FED SVGS BAlK CDII 95 1I42B7110 DERRICO GEORGIA S 13D 1/ 5/94 9.6 9.3 1VS1a.

SOOTItERI FIlL FED SVGS BAlK CDII 95 1I42B7110PORTER R RmERICI: 13D 11 5/94 9.6 0.0 IVSI.

SOOTItERI FIlL FED SVGS BAlK CDII IS 1I42B7110 VALUE PUTIERS LTD ET AL 13D 1/10/94 8.9 7.5 1VS1a.

STE\lART IIFCJIJIATION SVCS CD CDII 0 86037210 nEEDY BRCIIIE CO L PETAL 13D 2/11/94 0.0 5.6 1JIDl1l

STRATOSPHERE CDlP CDII 20.977 86310610GRAIl) CASllIOS RESOlTS ET AL 13D 11/15/93 58.7 0.0 lEU

STlJRIII RUGER & CO lie CDII 657 86415910 IIVESTCltS US GRCIITH FD ET AL 13D 1110/94 4.9 5.1 lJIDAlI

TEXAS 111)$ lilt CDII 1.217 88249110 CD-STEEL lit 13D 2/24/94 11.0 21.5 lJIDAlI

TRAVEL PORTS MER lie CDII 427 89416710 SILVERSTEIN BARRY ET AL 13D 2/14/94 8.2 8.9 lJIDATI

BOARDWAl.I: CASIllO lit CDII 415 09661211POSIIER LIJI)A IRA ET AL 13D 2/14/94 11.4 0.0 lEU

BCD( EIIERGT catP a.A 1.841 10316810BCD( BROS "LOG CO 13D 2/17/94 9.0 0.0 lEV

NEWS DIGEST, March 10, 1994 9

ACQUISITIONS CONT.

E'JEIIT SIItS(OOO)J aJSlPI flU. lINE All) ClASS OF STOCK!(IIEl FORM DATE 2XUIED PRIOtS SIAM

BOI( EJIERGY CORP a. B _ 1fTG

BOIC BROS HlOG CO 13D 2/17/94 1,036 10316B20

5.0 0.0 lEV

CATEllUS DEV CORP CON 37.757 14911110 CAliF PUBl EIFl. RET SYS ET Al 13D 2/21/94 51.7 15.1 lJIDATE

CHASE MJlHATTAI CDRP CON 5.782 16161010 CRESCEIT DIVERSIFIED lTD ET Al 13D 12/31/93 3.1 0.0 lEV

GBC TECHIIOlOGIES IIIC CON 217 36199910 Il(U)EI R(JIEJIT A 13D 2/16/94 7.5 0.0 lEV

GBC TECIIJIOlOGIES IIIC aJIJ 435 36199910 PUle TIQAS G JR ET Al 13D 2/16/94 15.1 0.0 lEV

IWIOVER DIRECT I Ie CON 51.815 41078310 ClJASHA AlAI GRAlT ET Al 13D 2/14/94 67.8 67.5 lJIDATE

HYAl PHARMACEUTiCAl CDRP CON 1.548 44899410 PE I ZER TERREl S ET Al 13D 2/17/94 8.7 D.O lEV

MESA RTY TR CON 515 59066010 AlPINE CAPITAl l P 13D 2/24/94 27.6 21.1 lJIDATE

MID OCEAI LIMITED (III) a. A 9.562 59540399 EXEl LIMITED 13D 2/17/94 28.3 27.1 lJIDATE

PROVIDEICE HEAlTH CARE IIIC CON 2.118 74375710 fIJI. TI CARE COS IIC ET Al 140-1 2!28!94 45.5 0.0 lEV

an ACQUISIT ION CDRP CON 4.'" 74935110 399 YEIT1JRES PAlTIlERS ET Al 13D 9!20/93 71.6 0.0 lEV

TAYlOR DEVICES IIC CON 127 87716110 PAUl BRUCE 13D 2/ 4/94 6.4 9.2 lJIDATE

TURF PARADISE lIe ctIG 1.167 90008410 HOllY\Ol) PARK IIC 13D 2!23/94 45.3 0.0 lEV

lIIR lIDS WTS 240 90318511 METRO CDRP ET Al 13D 12/31/93 10.7 10.8 lJIDATE

lJIl TROIIX caw aJIJ 500 9132.S710 JONES SAMUEL H JR 13D 2/17/94 20.0 14.9 lJIDATE

lJIITROIIX CDRP COlI 1.350 91328710 MORGAI IDIARD lEE 13D 2/17/94 54.0 14.0 lJIDATE

lJIITROIIX CDRP COlI 5.374 9132.S710 SHAW JACK E 13D 2/17/94 100.0 71.1 lJIDATE

~LDOTROI caw CON 450 94939110 LYFORD caw ET Al 13D 2/17/94 21.4 9.5 lJIDATE

10 REVS DIGEST, Karch 10, 1994

ACQUISITIONS COlT.

EVElY SIIlS(ooo)/ ClJSIP/ FlLlIIC

lINE AIIO ClASS OF STOCK/OYlER FCIIM DATE taIlED PRIORS STATUS

AIIOROS lit COl 11'9 03452810 WALSH GREEJMXI) & 00 ET At 130 3/ 1/94 4.0 6.2 lJIOATE

ASPEM EXPl catP (DII 1'00 04529510 ASPEII SHAREHOlDERS ACTION alii 130 2/14/94 3.4 5.3 lJIOATE

AvtJI)ALE IIIlUSTRIES IIIC (DII 800 05435010 CHESTIIUT HILL CAP L P 130 2/17/94 5.5 0.0 lEV

BAIIIC SAIl FRAIICISCO HlDG DEL a.A 77,6/XJ 064m10 ~G PUTRA 130 2/16/94 100.0 62.9 lJIOATE

BOMDWALI: CASIIO lit (DII 355 09661211 SCIBELLI JAMES 130 2/14/94 9.7 0.0 lEV

BUFHON catP (DII PAR SO.OS 244 11988520 GALL(JIAY BRUCE 130 2/17/94 5.2 0.0 lEV .. axPER COS IIIC (DII 2,274 21664810 MARX ImSES 130 1/31/94 7.6 0.0 lEV

F .. BAIICORP lilt (DII 256 30273110 SAFFORD ROBERT C 130 2/11/94 6.1 0.0 lEV

FRtEHAUF TRAI Ull CXItP (DII 1,6110 35939710 CHESAPEAKE PARTIIERS lOfT ET AL 130 2/17/94 8.4 0.0 lEV

GEIlERATlON 5 TECHIIOlOGY lilt (DII PAR SO.001 2,482 37148050 HAWLEY CHARLES G 130 1!28/94 33.7 0.0 lEV

GEOTEIC aJIUIlCATlONS lilt (DII 12,500 37365410

YAlQIARD CELLUlM SYS 130 2/23/94 31.7 31.7 lFOATt

GI BRALTAR PACKAGIIIG GRt1JP (DII 56 37475810

RUST YE111URES LP ET AL 130 2/24/94 1.1 6.6 lJIOATt

IIISURAllCE AUTO AUCTIONS lilt (DII 1,667 45787510

ALLSTATE IllS 00 ET AL 130 12/ 1/93 17.7 0.0 lEV

LATSHAW EIITERPRISES IIIC (DII 266 51S39910 all LI B HOlD 1116 00 130 11/16/93 47.1 0.0 lEV

LATSHAW EllTERPRISES lilt (DII 6n 51 S3991 0

LATSHAW JOItIl 130 2/10/94 100.0 100.0 lFOATt

LITTLEFIELD ADAMS & 00 (DII 1'9 53758110

IIAlBREICH STAILEY I 130 2/14/94 4.0 4.0 lJIOATt

JIJ aMUll CATIONS lit COIJ 1,006 55799310

GREEII IIOlCOlJBE T ET AL 130 2!25/94 6.3 6.5 lJIOATt

MALVY TECII*llOGY lilt (DII 10 PAR 5,000 56145510

\aI HOlD IIIGS IIIC L10 130 2/17/94 100.0 0.0 lEV

NEWS DIGEST, March 10, 1994 11

ACQIJISIT ImIS alIT.

!WE All) C1ASS Of IllY'!JIW! FCII! EVEIIT DATE

SIM(OOO)/ '!YfP

C1JSIP/ PlleIS

FIll. IWUI

IERCHAllTS CiRaJ» lie CDC 29J 58119910 ~y IIIKUIE CO L PETAl. 13D 2JZ2/94 9.3 1.0 &llPATE

METIIAIIEX CDP IDVA CDP Of

CDC ALlERTA ET AI. 13D 2JZ2/94

46,9471:1.9

59299510 29.5 &llPATE

IA TI(JIAL lED IA CDP YALUEYISICII IIlL lie

CDC 140-1 '2.raI94

1,1529.1

6]691"09.1 &llPATE

IAT I(JIAL lED IA CDP YALUEYISICII IIlL lie

CDC 140-1 '2.raI94

1,1529.8

6]691"09.1 &llPATE

JlEXTEL CXIIUII CATImIS COI:AST CXJtP

I Ie a.A 13D 3/ 1/94

36,49642.8

65399410 34.1 &llPATE

I(JID PAC LTD I(JID RES CXJtP

CDC 13D 2/15/94

133,921100.0

65555410 55.3 &llPATE

.. Til EAST lIS CO CDC 0 ~6410 TRAIlSI T FI lAIC I AI. lUG 13D 9/29193 0.0 11.1 &llPATE

~"':

~CAP lie CDC 5M 67220210 STEIIIWIDT .. ICHAEL II ET AL 13D 2/17/94 21.3 0.0 -=v

c:.IGIIAL IlA.L

SIXTEEI .. BlAIR

TO OlE .... CDC 13D 12/31193

1,00829.6

68620310 31.3 &llPATE

POURIS EIP

III)S PAITIEIS ASSOC L PETAl.

LP III .. ASS 13D

a. A 2/ 4/94

0 0.0

73106910 5.7 &llPATE

Pli Cf CXIIUII CATI CIIS c:atP LAI fER LIICf ET AL

CDC -=v 13D 2/22/94

1,97016.3

74143730 13.0 ... TE

RAMAPOFilL CXJtP CDC 0 75136610 PEACDCX IlCIIERT R 13D 12/31193 0.0 1.0 ... TE

SCEPTRE RES LTD SQQlJIP ALBERTA ET AL

CDC 13D 2/ 1/94

3,6677.0

80621470 2.1 lJIDATE

S(UtCf CAPITAl WOLFF ALYII

CXJtP, J JR

CDC 13D 2/11/94

1,06515.0

&5614210 0.0 IVSICII

STAPLES lit GOlDIER DAYID II ET Al

CDC 13D 2/23/94

3,4609.1

15503010 9.1 lJIDATE

STEEL errr PRaXJCTS lie cat 594 15806410 STElllHARDT .. ICHAEL II ET Al 13D 2/17/94 19.2 0.0 -=v

lei aJlPLETE aJlPLlMCE ~E SYSTBIS lie

cmP cat 13D 2/7/94

3,48093.5

11599610 0.0 -=v

TlIIR/SIIAIP DlILLlIG lie WALSH F IDWID JR

CDC 13D 2/23/94

262 899610 9.0 7.5 lJIDATE

12 NEWS DIGEST. Karch 10. 199-